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, to rebuild america. and that we reduce our deficit in a balanced way that allows us to make these critical investments. now, it ultimately will be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that helped to get us into this mess? or do we embrace a new economic patriot. >> that says america does best when the middle-class does best. i am alonging ford that debate. >> reporter: governor romney, two minutes. >> thank you, jim. it's an honor to be here with you. and it's an honor to be here with the president. i appreciate the welcome of the university of denver and the presidential commission on these debates. congratulations to you, mr. president, on your anniversary. i am sure this is the most remantic place you can imagine -- here with me. congratulations. this obviously is a very tender topic. i had the occasion over the past couple of years of meeting people across the country. i was in dayton ohio, and a woman grabbed my arm and said i have been out of work since may. you can help me? yesterday in a rally in denver,
that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of
bigger unemployment, bigger deficits, more wars than president obama was by the failed policies of george w. bush which resulted in directly the greatest job losses since fdr. h is hot easy. in is hard -- this is not easy. this is hard work. >> we didn't hear in an hour and 20 minutes of debate anything about the stimulus package because if you look at the policy the trickle down government policy as the governor described it, they represented we would be below 6% unemployment now after spending all that money. the policies that this president put into place is actually made it worse including the fact that obama care is causing small employers not to hire because of rising healthcare costs. gas prices have doubled. the middle class is being buried under this administration. the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up during the debate. obviously the jobs report came out after the debeat. both sides saying that the other candidate is lying about h his position and let's start with taxes. governor, the president keeps saying that
creating jobs in the united states or closing the deficit in a responsible, balanced way that allows us to invest in our future, all of those things are designed make sure that the american people, their genius, their grit, their determination... is channeled and they have an opportunity to succeed. everybody's getting a fair shot. everybody's getting a fair share and playing by the same rules. you know, four years ago, i said that i am not a perfect man and i wouldn't be a perfect president. that's probably a promise that governor romney thinks i've kept. but i also promised that i would fight every single day on behalf of the american people, and the middle class and all of those who striving to get in the middle class. i have kept that promise. if you will vote for me, then i promise i will fight just as hard in a second term. >> jim: governor romney. >> thank you, jim. mr. president. thank you for tuning in this evening. thanksgiving an important election. i am concerned about america. i am concerned about the direction america has been taking over the last four years. i -- i know t
questions about his negotiations with the republicans on the financial and debt and deficit issues. and he was tuned in. he answered, he gave his side. he gave his defense. the obama -- the other night in this debate -- it was almost like there were two channels going in his mind, one on the debate and answering in the way he did, which just didn't fit together. and then when he was looking down, it's almost like something else was deeply worrying him. now, i don't know that. the point is, you know, why would he be so out of it in clearly one of the most important political moments of his life? >> sean: it is a really good question. i think -- i think he was shocked because mitt romney looked him dead in the eye, was very deep in the facts. i mean, it was just the opposites of john mccain, in the mccain debate, obama was looking mccain in the eye and mccain looking down or out at the crowd. very different in terms of the body language. on substance, romney was very knowledgeable, across the board, every question and was willing to take the president on. i don't think he is used to that? >>
or four point deficit. they need him to step up and do something. >> andrea: they also -- >> eric: stop the slide. >> andrea: they might rely on immediate you to do the dirty work. hostile in an interview that paul ryan had with a reporter. shows the media fury. >> this country has a crime problem. not a gun problem. >> no, if you look at the gun laws we have. i don't think president obama proposed gun laws. we have good strong gun laws. two have to enforce the laws. we have a lot of laws that aren't properly enforced. we need to enforce the law. best thing to prevent the violent crime in inner cities is bring opportunity in the inner city. >> andrea: we cut that. but it goes on where the reporter gets more and more hostile. eventually the press secretary pulls it. are we going to see the media step few the obama campaign is flailing more? >> dana: often the initials you get good interview from local media. if they think they will win a pulitzer prize from that, they're in trouble. paul ryan is smarter than everybody nellis the room. if it comes across that he knows he's smarter than ev
taxes, you have the deficit being dealt with in an insane way, at least being dealt with, i'm not so sure the markets are going to implode-- >> you don't think, you think the markets will whistle past this. >> at least they're going to say something is going on. at least they're doing something. >> and anyway, right. >> it's going to hurt the economy long-term no doubt. >> the it's the federal reserve behind the market. >> what about the notion that maybe if there were stronger leadership from the white house we wouldn't have to take such a ham-fisted approach. in other words, how come there can't be an elegant solution, i can't get my way, you can't get your way, let's just destroy it all. >> interestingly enough goes back to obamacare, i think it has to do with the incredit mri high-handed autocratic way that mr. obama shoved through obamacare and they're saying we're not going to cooperate at all. i think had there been a spirit of cooperation coming out of the white house with obamacare, all of this would not have happened. >> if i may-- >> adam. >> i think that's sort of of sill
they need for the jobs they want. get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were paralyzed. the romneys didn't know them. they never met. mitt asked to come over for christmas. he brought his boys, his wife and gifts. later on, he said, i know you are struggling, mark, don't worry about their college, i will pay for it. when mark told me this story -- mitt romney doesn't tell these stories. the nixons told me this story. when he told me the story, it wasn't the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity, more than the two of us combined. mitt romney's good man. he cares about
it. >> bill: no, we haven't balanced the debt! are you kidding me! we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two personalities such as yourselves who are almost polar opposites politically, share a willingness to come together when congress can't? what advice would you give congress? [ applause ] [ laughter ] >> bill: what would you like for christmas, little boy? [ laughter ] get
that big bird was driving the federal deficit. >> big bird. >> big bird. >> thank goodness someone is getting tough on big bird. >> it is about time. >>neil: big bird is a big joke after mitt romney said he would cut funding to pbs rather than borrow money from china. the obama campaign is take on the governor romney that has the folks at "sesame street" stewing. >> one man has the guts to spoke his name. >> big bird. >> big bird. >> big bird. big. yellow. a menace to the economy. mitt romney knows it is not wall street you have to worry about, it's "sesame street." >>neil: i want that defy to voice my ad. with the debt mounting even big bird is getting nervous. >> look at this. don't worry, don't worry, everyone is printing more money. >>neil: big bird that is not so, we are not cleaning it up, we are bigging deeper. if you can't touch big bird, what can you touch? this is no joke says my guest. his new book is "who is the fairest of them all." he churns these books out so fast but this could boomerang? >>guest: this is my favorite lines in the debate, actually, when mitt romney s
million people in medicare and that is why we have a $23 trillion deficit in medicare. to save the programs, the republicans want to save them as much as anyone else, to save medicare and social security, they have to be reformed. but the other side is sticking their head in the sand and saying you want to destroy medicare. no, we are trying to preserve medicare. >>neil: this dates back to the reagan administration, senator, and the fact of the matter is, under republican and democratic presidents alike, even adjusted for inflation, the money going out far exceeds inflation year in and year out. that is not sustainable math. this comes down to an unpopular issue because then you are going presumably after seniors or you ericing the senior -- are risking the senior vote. i have been talking about changing the programs science i started running. i said inof thebly the age of eligibility when you begin receiving medicare and social security will have to gradually go up. the next generation may age and under. >>neil: what is the cut off age in people in their early 50's who should
at the program. >> rick, this was sold with a proposition that it would not add a dime to the deficit. do you believe that? >> the honest answer, i don't think we know yet. most of the spending provision have not gone into affect yet and when they do it is experimental. >> it is not for the states emac who have to begin to set up the exchangings. there is no guarantee that obama care will be repealed and that it will not be in or out and states have to prepare right now . that costs money. >> it feels like a high school science project throw in the baking soda and soda and right in the taxpayer's face. medicaid and medicare are rising by 17 trillion over 75 years due to health reform. a quarter of the state's budget is toward medicaid . medicaid part of the budget rising x. four times faster. >> mark, even the democratic governors are worried. governor cuomo is saying that he doesn't have all of the cash necessary to set up the exchanges that are part of the whole plan and what are they going to do? these states are strap asked they don't have the money? >> this is covered by the federal gove
, that was dishonest. >> when senator obama said in 2008, i'm going to cut the deficit in half, close gitmo, people said that was unrealistic, but didn't say he wasn't telling the truth. there's a difference, isn't there? >> no. closing gitmo involved an act of congress, and he wasn't able to get congress to agree with him on that question. this is basic math. >> greta: joining us our political panel, abc news senior washington editor rick klein, casey huntington, and byron york. rick, first you. i thought it was executive order to close gitmo, just needed congress to place the people. am i right? >> they realized it was going to be harder than they wanted. the distinction he's making is in terms of campaign pledges versus actions that you can possibly have congress do later. it's a stretch obviously. one man's lie and dishonesty. >> greta: it's name-calling. >> you've seen a shift from the obama campaign in terms of how they're trying to discuss and describe mitt romney. for a long time they were more interested in trying to describe him as a conservative extremist. they didn't want to go after hi
.s. >>shepard: specifics? >>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out hisplan. he has done it over and ovend h tedutcug rd >> i would rr ben t side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is sayi >>shd:y saey ll tutit h ld. stands to reason that the american people would go, you should tell us how but they are not going to. >>guest: i think we will hear it from the vice predent. wdov il >>shepard: all right guys, john, john, everyone is john today. we will be in kentucky tomorrow.
the deficit and raise tracks taxes on the middle class. there is no way to do it. but i will talk about big bird and seem like i am the fiscally responsible person. >> sean: david, you are next, i promise. >> ohhhh. >> sean: for the polls, brand-new numbers, incredible story to show you. time for the obama campaign to cue the desperation card. we will have more with juan and david limbaugh, as we unveil the latest poll numbers. what happens when you try to put words in paul ryan's mouth. we have the amazing video of the v.p. hopeful, calling out a reporter over his left-wing agenda. we'll check in with dana, stewart and bob woodward and a lot more on this tuesday edition of "hannity." [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. marie callender's gives you a way to make any day a special occasion. new mini cream pies for one. real whip cream and a cookie-crumb crust. marie callender
income individuals to avoid either raising the deficit or burdening the middle class. it's math. it is arithmetic. megyn: now, this professor at princeton, upon whom the obama campaign has based its charge since then, they are citing this professor, harry rosen, to say that romney's plan is going to pinch the middle class -- he has come out and said, i have never said that and i do not believe that. joining me now is lou dobbs, host of "lou dobbs tonight" and a syndicated radio host. it's not often that you see a princeton guide defending a candidate, but he is saying that i am not saying, this will not pinch the middle class. why is that? be. lou: based on a set of assumptions, it is a result of the tax reductions and the marginal tax rate, which would be 20% from top to bottom. megyn: romney is going to cut 20% for everyone? lou: the top 20% will go to 28. and he said, what are you talking about? they stripped away the tax policy center -- which is a left wing outfit. megyn: let's just keep on that, because this is the other thing -- the tax policy center says the middle class
. >> the trade deficit that china has cost the united states almost 3 million jobs. >> sherrod brawn is calling for action against cheating china. >> they don't play fair and we have to fight back. >> he said his bill will force trade -- >> it creates and protects job by cracking down on chinese currency manipulation. >> i brought democrats and republicans together to pass legislation on china. now we can level the playing field for workers. i'm sherrod brown and i approve this megsage. >> why are they spending so much from polling in other races show they are closing race? >> because they think this is as good a pickup tune as any that might be out there. look, the reality is sherrod brown, you described him as a populous. that's true he runs as such. he's also a liberal senator who is stuck to the hip to the obama administration roar. so on stimulus, on obamacare, and this is a state that is not necessarily overly liberal, in fact, it's conservative in many ways. they see this opportunity, they have this young man who is relatively new to politics, very charismatic, he's been a big fundraiser
revenue it produced were sufficient to drive down the federal budget deficit for 2005 through 2007. this despite massive war spending. as for deregulation, president obama himself said former president bush put more regulations in place than he has at the same time frame. it is true that there is one bit of deregulation regularly blamed by the liberal economists for helping create the speculative bubble that led to financial crisis and the great recession. that is the lifting of the barrier before commercial banks. it was lifted i. >> bret: if that is the case, how does president obama change dynamic debate number two? >> it's interesting to see whether romney is ready with with an answer to charge. so far, romney camp has not answered it. maybe they were reluctant to defend president bush saying he may not be popular. i think how this issue stands and how well the talking point works. it has worked to some extent with the obama team is whether he is ready to have a response to it. >> bret: insult to fatal injury in new york. media does it again. grapevine is next. ♪ [ male annou
are relentless. you expose how detached the president is, as it relates to the budget dole and the deficit. he has a lack of relationships. you're best known for watergate. here we have a situation in benghazi, a known hot bed for terrorist training, an ambassador writing in his diary that he felt his life was in jeopardy. he requested additional security and it was denied. the libyan president said it was a terror attack from the very beginning. the white house went out there with this line that this was spontaneous with mortars and rocket-propelled grenades. it had nothing to do with america and the anniversary of 9/11. it was all based on a movie trailer. all of this story is unraveling. i would think, as a reporter, i am not a reporter, you are known to be a great reporter. this would be a gold mine. why are your colleagues in the media ignoring it? >> well, actually, some very strong stories have been done -- in the washington post -- they have. there is more to be done. clearly there is a disconnect -- i just want to correct one thing about what i say in the book about obama. i don't say
to cut the deficit in half in four years. we have four budget it is and four trillion dollar deficits. a debt crisis is coming and we can't keep spend borrowing like and spending money we don't have. leaders run to problems to fix problems. >> steve: i got this tweet. why was bush crusify biden didn't get information on the intelligence community and that is okay. >> steve: ultimately some polls went out and they did snap pollings. cnn paul ryan . cnbc. winner paul ryan by 20 points. >> brian: cbsdid joe biden. >> steve: they did a focus group for 50 people. >> gretchen: we have frank coming up. and we'll show you that. now the rest of the head lineups for friday. one month after ambassador stevens was ciled. lawrence pope is the new charge of affairs. he will represent. pope retired 12 years ago and an ambassador to chad and political advisor for the special command and special operations in the middle east. governor mitt romney getting a spiritual boost from billy graham. >> reverend graham added he would do everything to help him. franklin graham has provided council to every presi
beyond the level the pentagon asked for which would explode the deficit. and he wouldn't commit to the 2014 timetable to bring our troops home from afghanistan. and so i think time and time again the vice president laid out the choice for the middle class in this election and was very effective in doing so. jon: time and time again the vice president interrupted, interjected, laughed, guf fawed, that kind of thing. was that appropriate first of all? was it intentional? >> well, republicans like to praise happy warriors. that is what we saw from the vice president last night. he caught out the brazen attempt by the romney-ryan campaign to try to rewrite their kick the -- ticket and their positions in the final 30 days of the race. suddenly they don't know anything about the $5 trillion tax cut for the wealthiest they proposed. suddenly they talk like they cover people with preexisting conditions under their health care plan. we know if you're between jobs or between plans you wouldn't be covered under their plan. the vice president is authentic. what you see is what you get. he d
afurs ihaleft us less and dohaso wvtrs >> i think that he is wrong that debt and deficit is number one jobs is uw. aa e a es amongst the administration, number two, it does hamper obama's ability to press his advantage on foreign policy, which he did hav because of the modern and otheris itoio in rang through the house hearing today. there are some curious mishandling of this issue in benghazi. as it continues to break through october, the timing is bad and itesitt eymp andssa meiosas here. jon: the clear politics have taken a look at independent voters. the rcp average, the rasmussen poll, gallup tracking poll, ibd, all of hhvt romney just president among independent voters. does that surprise you? >> yes, because it's such a radical shift. but again, i thishift. but again, i think that perceptionfter the debate, maybe more sthan the reality, is everything in politics. ro sed pdehiona tt ede an a presidential on the stage, and that obama lacks the fire and wasn't bringing the fight. for the moment, i think we see that kind of way. i don't know if that will hold overe bao toofo discuss
the debate the other night was the deficit. the scrocketting deficit under president obama. remember, that the total federal deficit under president obama is still at $5.2 trillion. >> that's the debt that has been added, i think. the deficit right now it was also went down yesterday. the debt. and the deficit is now 1.1 trillion. that was also came out yesterday morning. >> another barometer people always look at, too. is food stamps. 2009 what did we have 33.5 million, right? and then in 2010, 40.3. last year 44.7. and look at this year already. 46.8 million. that's as of july. >> big jump. >> yeah, so are companies hiring? that could be the good sign that companies are hiring. you want to have some good news, right? and it's hard because you are seeing manufacturing though for the second straight month also slipping. that's a sign of the strengthening economy as well which is getting the economy moving. >> but for people who don't pay attention. you know, you look at that number 7.8. things are turning around. >> are your pants ringing? >> is that my -- it is my phone. hold on a s
on big bird. going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to likely voters. that is a difference. we talk about it before. romney two-point lead. margin of error is tied. first time in a year, real clear politic average, he has the lead in the average of recent polls. what about this? the panel, jonah goldberg, from national review online. kirsten powers for daily beast. syndicated columnist charles krauthammer. charles, today's developments and well, big bird. >> democrats are actually running an ad showing big bird and contracting it with the bad guys on wall street. >> let's just play it. might as well. >> i'm just a prop here. >> bret: right. you're teein
. >> bret: more on this with the panel. thank you. federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what does it show? [ male ann] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model yea
esalacrin dollars budget deficit and a $16 trillion national debt. jon stewart and i debated the issue on saturday. >> the reason that we invest in things like public television is that it bngsduon wonove ta 's o e bests we ever made in the country. >> bill: $16 trillion and we got to pay for bill moyer. let him compete on his own. you want educational progrs, watch your program! spring for the cae, all rig. hiom is o! come on. >> bill o'reilly is identified $130 million from npr because npr should be able to compete on its own. >> bill: correct. >> bill: to be clear, tional blicadio sar j rtthub bcag umbrella in which again it's receiving close to $450 million this year alone. assisting governor romney's weak points, president obama apparently thinks he has an don big bird.ith th elmo has been seen in a white suburban, he's driving for the border. wa std a,rney'plan io don sesame street. >> bill: two things. the might suburban reference is to o. j. simpson and a wall street running wild line is very interein isn't it? esis s i nsticiess g anti-capitalism. few years ago, that would hav
of reducing tax marginal tax rates and increasing revenues and the cost it might add to the deficit is criticized as being non-specific. how do they respond to that? >> governor romney has laid out a framework. any time you have a plan such as this, you don't want to put all the details out there because there are negotiations that need to take place. the framework has been looked up by six different independent organizations including those from harvard and princeton. to say this plan will work. so the details don't need to be out there right now. the framework is very clear about what mitt romney and paul ryan want to do to strengthen our middle-class. >> gregg: i might say that the tax policy center which is cited by the obama campaign it's going to cost five trillion has been said by the director of the to be completely untrue. let me move on. the president has added two new things to his campaign speeches. he tells his audiences he says romney wants to kill big bird but more credibly he points to the unemployment rate that drops below 8%. it shows the economy under his leadersh
deficit, or there's no going home again. in china they cannot grow forever on the basis of exporting to the americans and not buying from the americans, because then they smother their customers. these imbalances haven't been fixed so, yes, the danger is real, and it's grave. jenna: charlie, let's talk about the ways to fix i. peter was mentioning the different types of economies at play in europe, but one of the things mentioned overall a couple years ago everyone was saying you've got to fix their debt and deficit, so people cut spending, and that became part of the problem because it slowed down the economy. >> well -- jenna: there's a little bit of you're darned if you do, you're darned if you don't. >> the imf is not a great example of how to fix things. they like high taxes, they like all those measures that slow down the economy. one of the problems in europe, and i have family in europe, is that the welfare state is too big. in italy it's la doll they vida every day. they're still there and still living off that welfare state despite what's going on. if you look at their solu
that governor romney has that would in their estimation, lead to a $5 trillion deficit, they are citing outside besides for that number. and romney says it will be compensated for by loopholes. how he will justify the cuts? where will those revenue sources be made up? >> even stephanie cutter admitted it is not a $5 trillion tax cut. we have a 20% tax cut across the board, no matter what income level you fall into. but for those people at the higher levels of income, what governor rom no is proposing is closing loopholes and dedux for those individuals that will ultimately make the entire budget revenue neutral. >> shannon: when will we find out what they are? >> when a budget is put together, when the budget committee puts forward a budget, they don't put forward a budget with every loophole and deduction and every single -- they have a couple of numbers, they say here's the top number, here's the bottom number. you go to the ways & means committee and i sit down with a burch of people and i figure out how to get a tax cut across the board and close the loopholes so the people at the higher le
still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually
is the president, hey, i'm going to pay down the deficit, by taking money i borrowed for two wars to borrow it to pay it down. you would mystify enron accounts with that -- >> ladies and gentlemen, you should see that the republicans have absolutely nothing to back up which loopholes they will close, they will not give one specific. and you have the temerity to say he will negotiate with congress. he's the executive. he should have a proposal to tell us how he is going to accomplish -- >> like the president's non-existent proposal, julie? you are not willing to work at all. >> name one loophole, just one loophole. >> eric: wait a minute, julie. >> julie, understand manage. we have -- okay, i will give you one that would be great to cut. frankly, the homeowner's mortgage deduction. we know that there are plenty of loopholes out there. they need to be closed tomp make this happen, we are going to have to negotiate across both party lines as we know, the loopholes near there because both parties have an-- >>> if you want to get rid of the homeowner's deduction, talk about a sizzle factor -- >>
on the debt. the first thing he said was the issue of the debt and deficit is not just an issue of money it is an issue of morality. immoral to leave the debt to our children and grandchildren and i thought it was a strong statement and elevated the romney campaign above a kind of we can do a little better for your pocketbook next week than president obama can and put it in a bigger concept and elevated the race into who is the more are responsible steward of this country's finances and well being for the next generation. i thought it was a very important moment for mitt romney. >> geraldo: stand but youle join our all-star panel in a moment. first, news on fast and furious, folks. the botched atf gun running operation and news that hasn't been fully digested by the mainstream media. we know that one of the walked guns was used to kill agent brian terry but it took the spanish language news network to reveal that the walked guns were also used if you recall the horrific 2010 massacre of mexican teenagers in the border city of juarez. they broke into a birthday party and started firing an
the deficit, there has to be revenue in addition to cuts. >>> there has to be revenue addition to cuts. >> and this is ruled out. >> absolutely. >> there is revenue i get is by more people working and paying higher taxes. idea of taxing people more, putting more people out of work, you'll never get there or balance the budget. and that is my next guest and the left tried hard to make him the scapegoat for 67 million americans it was well, obvious to blame lays with the president himself. here to respond is the author of "pension city". good to see you again. >> good to see you, sean. >> you say good evening this, is the news hour. >> and that is i'm going to leave your name at the door. >> the news is doing great. it's a time took time to get it into place. i transitioned out and i'm very happy about this. >> and i felt that for you... after the debate z a lot of criticism he does. >> and how did you feel about that? >> i'm not keen on criticism. and you know, but... that was at the beginning. the criticism is pretty much gone away. people realize that spin didn't work if you see every
. >> in order to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. governor romney has ruled out revenue. he's ruled out revenue. >> is that true? >> absolutely. the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth, balance the budget. the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. >> sean: that was my next guest, jim lehrer, moderating the debate last week. the left tried to make him the scapegoat for obama's pitiful performance, but for 60 million americans it was obvious the blame laid squarely with the president himself. here is former pbs news anchor jim lehrer. nice to see you. >> good to see you, sean. >> "good evening, this is "the newshour"." >> you did that really well. >> sean: how are you doing? >> "the newshour" is doing great. the team took time to get it in place. i transitioned out and i'm ve happy about the pbs news, how it's functioning. >> i felt bad for you after the
is trying to get out of the deficit that obama created in the first -- >> bob: that's exactly right. >> dana: biden had a different job last night. actually paul ryan's job was to appeal to seniors and to women. i think he nailed that. and so, whereas some of the other lines he might not have won the point, actually overall he won overall with his base, too. >> andrea: if the strategy is to rally the base, the base is women. the democratic base. war on women. they went in to this, pew research found that 51% of voters already had an unfavorable view of the vice president. he did himself no favors. >> eric: that is an important poll. i bet that number goes up after that. he was not likable. everything he did, the smilin smiling, smugness, he cut off paul ryan 82 times in 90 minutes. that is almost impossible to do. the other thing is "wall street journal" points this out. he was on the attack. they call it bully versus the wonk. he was on the attack. meaning joe biden, all night. every time he attacked paul ryan on a topic, it was wrong. his facts were -- >> bob: it was not wrong. >> eric: th
and the deficits we are facing are all of our problems. all of us add americans should participate. >>neil: i know that. i want to be clear. yes-or-no on raising some people's taxes like the wealthy. >>guest: i think you have to raise revenue in order to solve the national debt problem. i think of an approach that buys in all americans is better than simply one group pitted against the other. i don't think you raise taxes just on the wealthy. i don't think you raise taxes just on middle income. this is a shared responsibility that we have. to we talk about it in terms of being talked about today we divide each other. this is our shared responsibility in this country. it should be united, a united effort not divided. the debate now it is one american against another. i don't think that is the right way to do it. >>neil: thank you very much. >>guest: to be clear, i think we have to raise revenue to deal with the national debt. everyone that has looked at it knows that, we have to cut spending. >>neil: thank you very much. >> a nobel prize for this? no wonder debt is being celebrated around the world
. owl poll among likely voters say the romney ticket went from a one-point deficit to a large legaled. take a look at this. among independent voters there was a huge shift away from the president that is a big concern for him this close to the election. the other thing to consider tonight the moderator. these are the four moderators for this series of debates. jim laier did the debate. many people say he lost control of the debate. it upped the pressure on martha she is the moderator tonight. >> doug lousader in washington, thank you. >> now to the attack on our consulate in libya. yesterday an intense day on capitol hill lawmakers trying to get to the bottom of what happened. there have been many questions raised following the obama's administration about him. >> they called the attack a spontaneous act sparked by outrage by the anti muslim film trailer to come out and say it was an act of terrorism. >> law americas getting tough demanding answers on the lack of security in benghazi at the time of the attacks. listen to what happened. >> i told them that was my personal opinion and t
, then, the deficit problem. we cannot continue to spend money we do not have. >> the points you made sh americans now what have we done to children and grandchildren? that makes us look like greece. not some other day. right now. this administration has done incredable damage to the country. they will not be able to get us out of this. the choice could not be more clear. >> sean: when is the last time the senate passed a budget? >> three years, it could be done with a simple majority. not a single republican prevented the majority from following the law. the law doesn't say have you to pass a budget unless it's hard or unless you don't want to have any amendments. the will you says pass a budget. they thumbed their noses for three years. >> sean: what do you think of the class war fair that continued to be played and joe biden admitting their plan is to raise taxes by over $1 trillion? does that play well with america? paul ryan thought it's a good line if we confiscated 100% of the wealth that quote evil rich people that aren't paying their fair share, i think that was rebutted well th
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